NSE: MAZDOCK | BSE: 543237

Expensive Performer

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2204.00 -28.00 (-1.25%)

28.01% Fall from 52W High

674.9K NSE+BSE Volume

NSE 22 Sep, 2026 3:31 PM (IST)

88,905

Market Cap

High in industry

Beta 1Year

Very High Volatility

Mazagon Dock Shipbuilders Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MAZDOCK, BSE:543237 Mazagon Dock Shipbuilders Ltd.

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Mazagon Dock Shipbuilders Ltd.

05 May 2026

2204.00

-1.25%

Mazagon Dock Shipbuilders

Buy: Mazagon Dock Shipbuilders ...

ICICI Direct

Order pipeline remains robust; longer-term growth outlook intact: Order pipeline remains strong for the company, considering the opportunities from both defence & commercial segments. Contracts like six nextgeneration submarines under P-75I (expected value ~ 99,000 crore) and additional three Kalvari class submarines (expected order size 30,00040,000 crore) have already been cleared from govt and expected to be concluded in coming months. Other major contract like next-generation corvettes is also likely to be signed in coming months (MDL's associate company) - Goa Shipyard is L2 with share of ~ 13500 crore). Moreover, next-generation frigates (P-17B) & next generation destroyers (P-18) with...

Mazagon Dock Shipbuilders has lost -26.16% in the last 1 Year

Mazagon Dock Shipbuilders Ltd.

13 Apr 2026

2204.00

-1.25%

Mazagon Dock Shipbuilders

Buy: Mazagon Dock Shipbuilders ...

ICICI Direct

Mazagon Dock Shipbuilders has lost -26.16% in the last 1 Year

Mazagon Dock Shipbuilders Ltd.

25 Feb 2026

2204.00

-1.25%

MAZAGON DOCK SHIPBUILDERS LIMITED

Hold: Mazagon Dock Shipbuilders ...

Target

Geojit BNP Paribas

Consolidated revenue increased 14.6% YoY to Rs. 3,601cr in Q3FY26, driven by the delivery of P17A frigates Taragiri and an accelerated execution rate. The total order book declined to Rs. 23,758cr in Q3FY26 from Rs. 34,787cr in Q3FY25 and Rs. 27,415cr in Q2FY26. EBITDA rose 8.6% YoY to Rs. 887cr, but EBITDA margin contracted 140bps YoY to 24.6% on account of higher cost of sales. Cost of sales increased 57.2% YoY to Rs. 2,082cr, mainly owing to a 76.8% YoY rise in the cost of materials consumed....

Mazagon Dock Shipbuilders has lost -26.16% in the last 1 Year

Mazagon Dock Shipbuilders Ltd.

09 Feb 2026

2204.00

-1.25%

Mazagon Dock Shipbuilders

Buy: Mazagon Dock Shipbuilders ...

Recommendation

ICICI Direct

Current order backlog to be executed over next 2-2.5 years; new orders to drive growth from FY28E: Company's revenue growth has moderated to ~11% YoY during 9MFY26 (largely in-line with management's guidance) after witnessing strong growth over the last 4 years (~30% CAGR over FY21-25). This is mainly on account of depleting order-book (OB), which has come down gradually over the last 5-6 years (OB stands at Rs 23,758 crore as of Dec-25 vs FY21's end OB of Rs 49700 crore) At 1.9x TTM revenue, current OB mainly consist of contracts like P-17A frigates (~42%...

Mazagon Dock Shipbui.. has an average target of 2772.00 from 2 brokers.

Mazagon Dock Shipbuilders Ltd.

29 Oct 2025

2204.00

-1.25%

Mazagon Dock Shipbuilders

Hold: Mazagon Dock Shipbuilders ...

Recommendation Target

ICICI Direct

Order pipeline remains robust; longer-term growth outlook intact: Order pipeline remains strong for the company, considering the opportunities from both defence & commercial segments. Contracts like six nextgeneration submarines under P-75I (expected value ~Rs 70000 crore) and additional three Kalvari class submarines (expected order size Rs 30000 40000 crore) have already been cleared from govt and expected to be concluded in coming months. Following this, other major contracts like next-generation corvettes (expected value ~Rs 36000 crore), nextgeneration frigates or P-17B (expected value ~Rs 70000 crore) & next generation destroyers or P-18 (expected value ~Rs 85000 crore) are also...

Mazagon Dock Shipbui.. has an average target of 2772.00 from 2 brokers.

Mazagon Dock Shipbuilders Ltd.

12 Sep 2025

2204.00

-1.25%

MAZAGON DOCK SHIPBUILDERS LIMITED

Hold: Mazagon Dock Shipbuilders ...

Recommendation Target

Geojit BNP Paribas

*over or under performance to benchmark index Mazagon Dock Shipbuilders Ltd (MDL) is a leading Indian shipbuilding company located in Mumbai. MDL is a wholly owned subsidiary of the Ministry of Defence, Government of India...

Mazagon Dock Shipbui.. has an average target of 2772.00 from 2 brokers.

Mazagon Dock Shipbuilders Ltd.

25 Aug 2025

2204.00

-1.25%

Mazagon Dock Shipbuilders

Buy: Mazagon Dock Shipbuilders ...

ICICI Direct

Order pipeline remains robust; longer-term growth outlook intact: Order pipeline also remains strong for the company, considering the opportunities from both defence & commercial segments. Contracts like additional three Kalvari class submarines (expected order size Rs 3000040000 crore) and six next-generation submarines under P-75I (expected value ~Rs 70000 crore) have already been cleared from govt and expected to be placed with the company in near to medium term. Following this, other major contracts like next-generation corvettes (expected value ~Rs 36000 crore), next-generation frigates or P-17B (expected value ~Rs...